GRUBBESTAD AS

3242 SANDEFJORD

Finances

Return on Equity

−6,49 %

Current Ratio

21,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	172 000	191 000	33 000	0
Net Income	−590 000	−533 000	−564 000	422 000
Total Assets	9 369 000	9 999 000	10 442 000	18 984 000
Total Equity	9 085 000	9 675 000	10 208 000	18 772 000

Income (NOK)	2022	2021	2020	2019
Revenue	172 000	191 000	33 000	0
Expenditure	697 000	692 000	737 000	759 000
Operating Profit	−525 000	−501 000	−704 000	−758 000
Financial Income	18 000	18 000	512 000	1 499 000
Financial Costs	83 000	50 000	372 000	288 000
Financial Balance	−65 000	−32 000	140 000	1 211 000
Earnings Before Tax	−590 000	−533 000	−564 000	453 000
Tax	0	0	0	30 000
Net Income	−590 000	−533 000	−564 000	422 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 399 000	3 699 000	2 499 000	2 323 000
Total Current Assets	5 971 000	6 301 000	7 943 000	16 662 000
Total Assets	9 369 000	9 999 000	10 442 000	18 984 000
Total Retained Equity	8 985 000	9 575 000	10 108 000	18 672 000
Total Equity	9 085 000	9 675 000	10 208 000	18 772 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	284 000	324 000	234 000	212 000
Total Equity and Debt	9 369 000	9 999 000	10 442 000	18 984 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	172 000	191 000	33 000	0
Other Income	0	0	0	0
Revenue	172 000	191 000	33 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	652 000	650 000	686 000	731 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	697 000	692 000	737 000	759 000
Operating Profit	−525 000	−501 000	−704 000	−758 000
Financial Income	18 000	18 000	512 000	1 499 000
Financial Costs	83 000	50 000	372 000	288 000
Financial Balance	−65 000	−32 000	140 000	1 211 000
Dividends	0	0	8 000 000	3 700 000
Net Income	−590 000	−533 000	−564 000	422 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	3 399 000	3 699 000	2 499 000	2 323 000
Total Fixed Assets	3 399 000	3 699 000	2 499 000	2 323 000
Stock	0	0	0	0
Total Investments	4 936 000	4 975 000	4 849 000	15 352 000
Cash, Bank	6 000	382 000	2 440 000	1 307 000
Total Current Assets	5 971 000	6 301 000	7 943 000	16 662 000
Total Assets	9 369 000	9 999 000	10 442 000	18 984 000
Total Equity	9 085 000	9 675 000	10 208 000	18 772 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	31 000	0	1 000	0
Unpaid Taxes	95 000	167 000	75 000	55 000
Dividends	0	0	8 000 000	3 700 000
Other Current Debt	158 000	158 000	158 000	157 000
Total Current Debt	284 000	324 000	234 000	212 000
Total Equity and Debt	9 369 000	9 999 000	10 442 000	18 984 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,49 %	−5,51 %	−5,53 %	2,25 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−305,23 %	−262,3 %	−2 133,33 %	-
Current Ratio	21,02	19,45	33,94	78,59
Quick Ratio	21,02	19,45	33,94	78,59
Equity Ratio	0,97	0,97	0,98	0,99
Gross Profit Margin	100 %	100 %	100 %	-